TSLA Update…

The psychology of why this happens is that everyone who bought TSLA below the S&R zone are making money and feel positive about their investments. So when the price action declines down to the S&R zone they are still ahead on their investment and hold on to their position which cause support to hold. On the other hand, if the price action started to trade significantly below the S&R zone then the investors will become concerned and will start looking for a place to exit their trade on any strength changing the bullish trend to a bearish one.

You may have noticed I got most of our trades updated on the sidebar this past weekend. While I have TSLA highlighted here I’m going to move the sell/stop up to 312.13 on a close below the 30-week ema. In the Wednesday Report, I’m going to post the ten big cap stocks we bought on June 1st which I put into one post. In order to show each individual stock, I will have to post each one separately and then move it to the sidebar. Each trade on the sidebar will show the entire history of the stock from the first buy point to the current update.

 

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